Lululemon shares roll over after weak guidance

Shares of Lululemon (LULU) sank nearly 9% Thursday after the yoga apparel retailer said it expects sales to slow during the current quarter.

The Vancouver-based company expects same-store sales, a key measure of performance for retailers, to rise "in the low double digits" during the three-month period ending July 31. In comparison, same-store sales jumped 25% during the first quarter.

Due to the sales pullback, Lululemon issued a weaker-than-expected overall profit and revenue outlook for the second fiscal quarter. The company expects to earn between 28 and 30 cents per share during the quarter on revenue between $273 million and $278 million. Analysts were looking for earnings of 33 cents per share on sales of $290 million, according to Thomson Reuters.

Lululemon also delivered an underwhelming outlook for the full fiscal year.

Hibah Yousuf is a reporter at CNNMoney, where she covers stocks, bonds, commodities and currencies trading across the globe, as well as corporate earnings and other markets-related news. Prior to joining the site in 2009, she interned at Money Magazine.